The Gas Separation Membrane Market Research Report Forecast 2020-2025 is a valuable source of insightful data for business strategists. This Gas Separation Membrane Market study provides comprehensive data on aspects of competitive intelligence, market research, strategy, planning, pricing and forecasting that enhances the understanding, scope, and application of this report.
According to this study, over the next five years, the Gas Separation Membrane market will register a 1.9% CAGR in terms of revenue, the global market size will reach $ 557 million by 2025, from $ 517.3 million in 2019.
The major key players covered in this report:
Air Products and Chemicals, Inc. (US) (NYS:APD), Air Liquide Advanced Separations (France) (OTC:AIQUF), UBE Industries Ltd. (Japan) (OTC:UBEOF), Honeywell UOP (US), Fujifilm Manufacturing Europe B.V. (Netherlands), Schlumberger Ltd. (US) (NYS:SLB), DIC Corporation (Japan) (OTC:DICCF), Parker Hannifin Corporation (US) (NYS:PH).
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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Gas Separation Membranes are mainly classified into the following types: Hollow Fiber, Spiral wound, and others. Hollow Fiber is the most widely used type which takes up about 89.78% of the total in 2018 in Global. The USA is the largest consumption country of Gas Separation Membranes in the world in the past few years and it will keep the same position in the next few years. USA, Germany, France, Japan and China are now the key producers in the world, while the USA is the largest with the share of more than 54%.
There are some producer manufacturing Gas Separation Membranes in China, such as Tianbang, SSS, etc. and some abroad companies, e.g. IGS, have plants in China, too. The APAC gas separation membranes market is projected to register the highest CAGR during the forecast period. This growth is driven mainly by the high demand for carbon dioxide removal from reservoirs, rising demand for sanitation and freshwater, increasing urbanization, and improving the standard of living. High growth and innovation, along with industry consolidations, are expected to lead to the rapid growth of the market in APAC.
This report segments the global Gas Separation Membrane Market based on Types are:
Hollow Fiber, Spiral Wound, Others.
Based on Application, the Global Gas Separation Membrane Market is Segmented into:
Isolation of Inert N2 from Air, H2 Recovery, CO2 Removal from Natural Gas, Vapor/Nitrogen Separation, Other Applications.
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In December 2018, Air Products and Chemicals announced plans to build a new large scale gas separation unit to produce liquid oxygen, nitrogen, and argon. This new air separation unit will be on-stream by early-to-mid-2020 in the twin cities area of Minnesota. This expansion will provide reliable liquid industrial gas options for local customers and distributors in the region
In September 2018, Honeywell acquired Ortloff Engineers, Ltd., (US), which is a leading developer of specialized technologies for natural gas processing and sulfur recovery. This acquisition will help the company to expand its capabilities to maximize customer returns on gas processing and oil refining investments.
In February 2018, Air Liquide Advanced Separations invested USD 170 million for the construction of Air Separation Unit (ASU) in Secunda with a production capacity of 5,000 tonnes of oxygen per day. This investment will enable the company to supply liquid gases to the growing industrial gas market in South Africa.
Regions covered By Aluminium Brazing Alloys Market Report.
North America: United States, Canada, and Mexico.
Central and South America: Brazil and Argentina.
The Middle East and Africa: Saudi Arabia, and Turkey.
Europe: Germany, France, UK, Italy, Spain, and Russia.
Asia-Pacific: China, India, Japan, South Korea, Australia, Indonesia, and Singapore.
These segments are thoroughly evaluated on an individual basis and a team of analysts has ensured to give a crystal clear idea about various lucrative segments of the industry. This detailed analysis of segmentation help in offering precise results about the markets related to the industry.
Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of Gas Separation Membrane Market
– Changing Gas Separation Membrane market dynamics of the industry
– In-depth market segmentation by Type, Application, etc.
– Historical, current and projected Gas Separation Membrane market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Gas Separation Membrane Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.
The report has 150 tables and figures browse the report description and TOC:
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